Settings and activity
11 results found
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17 votes
Jun Zhao
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36 votesJun Zhao
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14 votesJun Zhao
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20 votesJun Zhao
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19 votes
An error occurred while saving the comment Jun Zhao
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150 votes
An error occurred while saving the comment Jun Zhao
commented
It would be helpful to have "Second Element of Cost" for existing fixed assets -
Purpose: to enable either "Additional Cost" or "Discount" to be added into existing Registered Assets.
From accounting/bookkeeping perspective, this additional cost/discount should *not* impact the depreciation in past periods (ie Past Depreciation Amount is supposed to be locked once a financial period is closed. A separate journal can be created in order to reflect/catch up the changes in GL)
Jun Zhao
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431 votes
Hey everyone, thanks for all your valuable feedback and support on this idea here.
It's nice to see tips being shared throughout this thread to help others managing multiple assets. The suggestion to group similar items (like office chairs or laptops) into a single asset with a quantity can be an efficient way to handle things. When you need to dispose of some, you can then perform a partial disposal by updating the quantity, which helps save a few steps.
Wanting to share an update for you all, although I appreciate it will not be the news hoped for - Developing the capability to bulk dispose assets isn't on our current roadmap. We will keep an active eye on the support this continue to build here and be sure to let you know if anything changes here.
Jun Zhao
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10 votesJun Zhao
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395 votes
Hey team, thanks for all your input on partial asset disposal.
We understand that manually managing parts of an asset can be time-consuming. While we don't have plans at this time to develop a built-in feature, your feedback's really helpful in showing us where things could improve.
For now, manual methods to calculate depreciation and record journal entries to keep things accurate would be the best option.
However, this is a feature that we'd like to revisit as we plan our future roadmaps, and will be happy to share if there is any traction around this. Please keep sharing this idea with any colleagues you feel could benefit from this too.
Jun Zhao
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59 votes
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113 votes
Ideally there should be a way to input Second Element of an asset - so Grants/Discounts received from assets purchase are recorded properly